August 13, 2013
The Federal Housing Finance Agency may advance its lawsuit over mortgage-backed securities against affiliates of bankrupt Residential Capital, a federal judge in New York ruled on Monday, thwarting a second attempt to stay the fraud proceedings until ResCap emerges from bankruptcy.
July 18, 2012
A New York judge on Tuesday allowed the Federal Housing Finance Agency to move forward with mortgage-backed securities claims against Residential Capital LLC affiliates by denying the bankrupt mortgage lender's request to halt any prosecution or extend its automatic stay.